What type of insurance policy typically does not include coverage for certain high-risk items?

An exclusionary policy is specifically designed to outline what is not covered by the insurance. This type of policy typically excludes certain high-risk items or situations that insurers may deem too risky to insure. This means that while the policy may provide coverage for many standard items or risks, it explicitly states the exclusions where coverage is not applicable, often relating to high-value or high-risk assets such as specific types of jewelry, collectibles, or particular situations that could lead to greater financial loss.

This distinct approach differentiates exclusionary policies from other types, such as comprehensive or basic coverage policies, which tend to offer broader protections with fewer specified exclusions. A high-risk policy is generally tailored to cover items or individuals that fit into a category deemed higher risk rather than excluding coverage. Therefore, the focus of an exclusionary policy is on clarifying and defining what is not included in terms of coverage, particularly with regard to higher-risk items.